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Full-Text Articles in Economics
From Governance To Political Economy: Insights From A Study Of Relations Between Corporations And Workers, Harry W. Arthurs, Claire Mumme
From Governance To Political Economy: Insights From A Study Of Relations Between Corporations And Workers, Harry W. Arthurs, Claire Mumme
Harry Arthurs
This study explores four postwar attempts to re-imagine the role of workers within the corporation and especially their relation to the processes of corporate governance. Employees have been variously conceptualized as "citizens at work," whose rights of association, speech, assembly, and due process can be secured through collective bargaining; as "stakeholders," whose interests are entitled to consideration analogous to those of corporate shareholders; as "human capital," worth preserving and enhancing through enlightened employment policies and practices; and as "investors"-actual holders of corporate equity through pension funds and other vehicles. Despite the descriptive power and normative appeal of these approaches, each …
Beyond National “Varieties”: Public-Service Contracting In Comparative Perspective, Ian Greer, Ian Greenwood, Mark Stuart
Beyond National “Varieties”: Public-Service Contracting In Comparative Perspective, Ian Greer, Ian Greenwood, Mark Stuart
Ian Greer
[Excerpt] In this chapter, we will explore how work in contracted-out public services, including that in the voluntary sector, maps onto the broader international political economy of work. Comparative scholars often write about society correcting the excesses of the market, and it is hard to imagine a more relevant phenomenon to this than the voluntary sector. Yet this sector is itself subject to market forces, ironically perhaps, due to its ever-closer relationship with the state. Our study of employment in welfare-to-work services in the UK and Germany, whose findings are summarised below, shows how this relationship works and what its …
Default Without Capital Account: The Economics Of Municipal Bankruptcy, Lotta Moberg, Richard E. Wagner
Default Without Capital Account: The Economics Of Municipal Bankruptcy, Lotta Moberg, Richard E. Wagner
Lotta Moberg
This paper analyzes the concept of municipal bankruptcy in a comparative framework with commercial bankruptcy. Cities are corporate bodies that continue to exist despite the ever changing identities of the residents. The common designation of cities as municipal corporations suggests an affinity between them and commercial corporations that would offer a bridge between commercial and municipal bankruptcy. Despite this apparent affinity, however, there are significant institutional differences between the two forms of corporation that prevents construction of such a bridge. Commercial bankruptcy allows both creditors and debtors to resolve problems that emerge in consequence of a debt default, and to …
Book Review: The Poor And The Powerless: Economic Policy And Change In The Caribbean, By Clive Y. Thomas, Winston Langley
Book Review: The Poor And The Powerless: Economic Policy And Change In The Caribbean, By Clive Y. Thomas, Winston Langley
Winston E. Langley
With only brief interludes, the Caribbean area has for the past five centuries been a center of global power struggles and internal sociopolitical upheavals of the first order. Those struggles and upheavals show no signs of abating as we move into the twenty-first century. Indeed, there appears to be a consensus among scholars and political leaders in the region that the area now faces problems of crisis proportions.
Sheep And Their Herders: Testing The Myth Of Rational Voters – A Latvian Case Study, Daniel Brou, Kirk Collins, Brent Mckenzie
Sheep And Their Herders: Testing The Myth Of Rational Voters – A Latvian Case Study, Daniel Brou, Kirk Collins, Brent Mckenzie
Daniel Brou
Through the use of a simple behavioural political economy model, we cast doubt on the assumption that voters behave in predictable ways dependent on their expected support for government policies. We show that under certain conditions an unfavourable (i.e. welfare reducing) policy may result, even with well-informed, welfare maximising voters. While true that voter behaviour may align with government policies, this alignment has more to do with a perceived lack of influence, rather than policy support. The case of Latvia's accession to the European Union is used as a case study to evaluate the government's policy in terms of voting …
Being Consumed: Economics And Christian Desire, William Cavanaugh
Being Consumed: Economics And Christian Desire, William Cavanaugh
William T. Cavanaugh
Are Christians for or against the free market? Should we not think of ourselves as consumers? Are we for or against globalization? How to we live in a world of scare resources? William Cavanaugh brings us a theological view and practice of everyday economic life with the use of Christian resources. He argues that we should not take the free market, consumer culture, globalization, and scarcity as givens, but change the terms of debate in each case. His consideration of the free market is not a question of for or against, but when exactly a market is truly free. He …
The Political Economy Of The Production Of Customary International Law: The Role Of Non-Governmental Organizations, Donald J. Kochan
The Political Economy Of The Production Of Customary International Law: The Role Of Non-Governmental Organizations, Donald J. Kochan
Donald J. Kochan
Increasingly, United States courts are recognizing various treaties, as well as declarations, proclamations, conventions, resolutions, programmes, protocols, and similar forms of inter- or multi-national “legislation” as evidence of a body of “customary international law” enforceable in domestic courts, particularly in the area of tort liability. These “legislative” documents, which this Article refers to as customary international law outputs, are seen by some courts as evidence of jus cogens norms that bind not only nations and state actors, but also private individuals. The most obvious evidence of this trend is in the proliferation of lawsuits against corporations with ties to the …